Question: You were assigned to prepare a presentation on the auditor's public responsibilities for the short seminar. Use the CTU library and the Internet to cover the following issues:
• Because auditors must act with integrity and prioritize their public responsibility, discuss the conflict between the auditor's client confidentiality obligations and the auditor's ethical standards to gain the public trust.
• Explain and discuss how the Dodd-Frank Act and the whistle-blower program can protect accountants and auditors.
• Discuss why it is important for auditors to show evidence that they followed the ethical and professional standards.
I. Introduction
a. Definition of Auditing
II. Audit Responsibilities
a. Definition
b. Responsibilities and Functions
III. SOX Act of 2002
a. History of SOX
b. Enactment
IV. Securities and Exchange Commission
a. History of SEC
b. Authority of SEC
c. Enforcement
V. Public Company Accounting Oversight Board
a. History of PCAOB
b. Purpose
VI. Dodd-Frank Act
a. Dodd Frank Act History
b. Components of the Dodd Frank Wall Street Reform and Consumer Protection Act
c. Criticism of Dodd-Frank
VII. Whistleblower Protection
a. History
b. Purpose
VIII. Audit Evidence
a. Definition
b. What's the need?
IX. Conclusion